Millionday: SO GOOD TO SEE EVERYONE -- SUCH A GREAT NEWSTIME MY FRIENDS

Millionday: I AM EXCITED

Millionday: FIRST OF ALL I AM BRING A LITTLE ON THE LAST CREDIT RATING SO AN UNDERSTANDING CAN BE GAINED BY US ALL
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Millionday: Frankfurt am Main, September 20, 2015 -- Moody's Investors Service (Moody's) has today assigned a provisional rating of (P)Caa1 to Government of Iraq's planned USD-bond issuance with a stable outlook. The rating was initiated by Moody's Investors Service and was not requested by the rated entity. It is being assigned ahead of planned issuance of USD-denominated debt by the Iraqi government in the United States under Rule 144A. Moody's expects to remove the provisional status of the rating upon the closing of the proposed issuance and a review of its final terms. Millionday: NOTE -- THIS IS THE THIRD CREDIT RATING AND LAST AS WE KNOW Millionday: 1. Iraq is a sizable economy with robust growth prospects, which are based on the country's large oil wealth, but are counterbalanced by a lack of economic diversification. 2. Very weak institutional strength as reflected in very weak governance indicators and issues regarding the availability of fiscal and economic data. 3. Moderate fiscal fundamentals, as debt-relief since 2004 has lowered the government's debt burden, while at the same time facing challenges from a low oil price environment and rising debt burden. 4. Very high susceptibility to event risk, which is predominantly driven by the challenges posed by deeply entrenched sectarian and ethnic tensions, and the ongoing insurgency by the Islamic State of Iraq and the Levant (ISIL). Millionday: SO AS WE SEE HERE THEY RECEIVED A RATING OF (P)Caa1 Millionday: NOTE -- I AM GOING TO BRING SOME INFO ON WHAT THIS MEANS Millionday: THIS REPORT IS FROM MOODY`S Millionday: IT WAS ISSUED UNDER United States under Rule 144A Millionday: SO LETS LOOK AT WHAT THAT IS Millionday: THIS IS WHAT RULE IT FALLS UNDER ---- REMEMBER THAT THEY ARE SAYING THIS IS FOR BONDS -- I HAVE STATED THAT THEY ARE SELLING THE BONDS ON THE STOCK MARKET UNDER USD --- Millionday: Rule 144 provides an exemption and permits the public resale of restricted or control securities if a number of conditions are met, including how long the securities are held, the way in which they are sold, and the amount that can be sold at any one time. But even if you’ve met the conditions of the rule, you can’t sell your restricted securities to the public until you’ve gotten a transfer agent to remove the legend. Millionday: SO AS WE SEE HERE THEY ARE REFERRING TO THE RULES THAT HAVE BEEN ISSUED FOR RESALE OF STOCK/MARKET INVESTMENTS ETC Millionday: NOTE -- ONE LAST THING ABOUT THIS RATING Millionday: >>>>>>RATING MEANING >>>> Moody's S&P Fitch rating description Long-term Short-term Long-term Short-term Long-term Short-term Aaa P-1 AAA A-1+ AAA F1+ Prime Aa1 AA+ AA+ High grade Aa2 AA AA Aa3 AA− AA− A1 A+ A-1 A+ F1 Upper medium grade Millionday: SO THIS IS PRIME --- SMILE Millionday: WHOOPOW Millionday: I WILL SAY THIS -- IT IS FANTASTIC AND GREAT TIMING WISE Millionday: AND >>>>>>>>WHOOPOW Tex.: Since it s not dinars,,, it doesn't help us does it..? Millionday: YES IT DOES HELP -- THE BONDS ARE AN INVESTMENT TOOL AND ANY INVESTMENT GIVES THEM CAPITAL --- kathi: For these scores where is Iraq on them? Millionday: (P)Caa1 kathi: Yes but can't figure out where this score fits on the list you showed? Millionday: HERE WE GO WITH SOME MORE INFO Millionday: On 18 September 2015, a rating committee was called to discuss the provisional rating to the senior unsecured debt to be issued shortly by the Government of Iraq under Rule 144A in the US. The main points raised during the discussion were: The issuer's economic fundamentals, including its economic strength, the issuer's institutional strength/framework, the issuer's fiscal or financial strength, including its debt profile and the issuer's susceptibility to event risks. The principal methodology used in this rating was Sovereign Bond Ratings published in September 2013. Please see the Credit Policy page on www.moodys.com for a copy of this methodology. The weighting of all rating factors is described in the methodology used in this rating action Millionday: P= PROVISIONAL , C=C An obligor rated 'C' is currently vulnerable to nonpayment and is dependent upon favorable business, financial, and economic conditions for it to meet its financial commitments. Millionday: NOTE -- ACCORDING TO THE INFORMATION I HAVE -- THEY DONT HAVE TO 'HERE AND NOW' BUT DO HAVE UPCOMING AND POSSIBLE Millionday: Mayssam among the most important standards of governance or the so-called rational management, standing standard of transparency in the forefront of advancing on justice and efficiency and responsiveness, disclosure and accountability standards, and is often associated with standard of transparency extent of the introduction of technologies in trades and transactions, even if the talk about transparency, without the technologies available like economic superstition in a shift towards the economy of those responsible for it tries to be a knowledge-based economy. Millionday: It seems that the work to the concept of good governance which is much talk about and prepared a lot of seminars and training courses on them to the staff of government departments, what it is to be in an environment dominated by bureaucracy and methods inherited the work that is still governed by the laws and regulations of the former regime, which require a large package of new legislation and decisions commensurate with the status of a shift toward the philosophy of these standards, Millionday: NOTE -- THEY ARE TALKING ABOUT THE ACTIVE LAUNCH OF THE REGULATIONS FOR BANKING BY INTERNATIONAL STANDARDS Millionday: it was to be the imposition of some governance applications forcibly in the draft central bank loans in order to achieve successes desired grant These loans are meant to contribute to the creation of a development environment through the promotion and support of small and medium entrepreneurs, came an opportunity to grant loans to banks and specialized housing fund to establish a new state can enter through which the Iraqi banking sector to the stage where the rumored approach to good governance right Millionday: NOTE -- THEY ARE DEVELOPING AND STATING THE USE OF THE LOANS LAUNCHED ARE FOR ADVANCEMENT/DEVELOPMENT Millionday: after The central bank on condition of coordination with the supervisor of this project in the Council of Ministers on banks that operate approach of transparency and disclose on their websites all respect to these loans that will be granted to citizens and craftsmen, factories, farms and businesses .. what will take over the case of optimism and hope in the application of the general standards of governance in This development project in order to fight corruption and build approach good governance in the whole state institutions later, Millionday: NOTE -- THIS IS THE PRIVATE SECTOR AND THE MONEY THAT WILL HELP FUND ITS DEVELOPMENT -- HUGE Millionday: at the same time as a lot of questions being raised about the possibility of applying a standard of transparency and disclosure in light of the spread of electronic illiteracy among the members of the central leadership in pan institutions and the absence of integrated infrastructure to bring out this Ambition to the ground, not to mention the lack of seriousness and the absence of mechanisms programs established for such transactions and trading in institutions is still working ways and methods outdated .. Millionday: OBVIOUSLY TRUST IN THE BANKS AND SUCH A PROBLEM OF CORRUPTION THAT IRAQIS HAVE GONE THROUGH ---IT WILL TAKE SOME TIME FOR TRUST IN THE BANKING INDUSTRY AND THE GOVERMENTAL DEPARTMENTS INVOLVED Millionday: On the other hand, most of these institutions did not pay great importance to their websites since it was developed at the World Wide Web Perhaps their data did not occur for years or months, and a lot of cadres moderation may not know that her websites, and I knew it was not interested in visiting or browsed for various reasons, what makes the how to deal with the data to be disclosed and to ensure sustainability and sustain toward the consecration of the right to obtain information for citizens and regulators and the media – is uncertain done without interference by the authorities based on this development project and unsupervised and punishment and Twab..alammer Millionday: NOTE -- OBVIOUSLY THEY ALSO ARE EXPERIENCING PROBLEMS WITH THE INTRODUCTION OF THE MORE ADVANCED GOVERNMENT INTERACTION THROUGH THE INTERNET AND EVERYTHING ELSE INTRODUCED DUE TO THE NEWNESS -- THIS IS EXPECTED Millionday: who calls us to reflection and prudence realistically for this is put into practice through the work of the team overseeing the implementation of these mechanisms and places her lines under which the moving competent in those banks cadres Otherwise, the failure would be a reality, because the disqualification of these entities in taking out this idea into the ground is very out of the question.

Millionday: NOTE -- IT IS NOT AN OPTION TO FAIL SO BANKS AND EXPERTS ETC ARE RELIED ON TO HELP INVESTORS AND PRIVATE BUSINESSES STARTING UP ETC

Millionday: WOW THOSE RATES >>>On the other hand, the provision of these loans at interest rates of 2 percent by the Central Bank will be added with the other 2 percent interest to banks,

which will by giving the targeted them with the right to add fees and other banking services margins, what will make the loan interest rate of about 6 percent,

which is high about the interest rate granted by the specialized banks and fund housing loans amounting to 2 percent, as contained in the General Budget Law for the year 2015 with the support of the Ministry of Finance by about 4 percent, and therefore, is not expected to see the central bank loans turnout because of this disparity in interest rates,

Millionday: NOTE -- INTEREST RATES ARE NEW TO MANY MANY ---

Millionday: because the competition will be unequal (as the interest rates on loans approved by the budget law a much smaller percentage ) next to what we have referred to on the obligation to disclosure and transparency with all attached to loans granted and movement where will constitute a burden procedural and operational and Stm parasites and visually privileges souls and commentators who filled their pockets from haraam wealth Haram in the follow-up of these loan transactions,

as well as the banks have not been corrupted by this Alavsahi curriculum for Movement credit activities carried out by the funds .. usually facing the implementation of each step toward the work of modernity standards measures a number of difficulties which soon wither hard work and sincere.

Millionday: NOTE -- UNDERSTAND HOW MANY REFORMS ARE INVOLVED IN THE ISSUANCE OF THESE LOANS AND THE FUEL TO BEGIN IN THE MARKET ----FUNDS -- WHOOPOW